By Toshi Bwana
Africa possesses nearly 32 percent of the world’s mineral reserves, 65 percent of the world’s uncultivated arable land, vast freshwater systems, and globally significant biodiversity. But these natural assets remain inadequately protected against environmental liabilities arising from mining, industrial pollution, hazardous waste, oil and gas operations, agriculture and infrastructure development.
The greatest environmental risk facing Africa is not simply pollution, it is the absence of adequate financial mechanisms to pay for environmental restoration when pollution occurs. Environmental Liability Insurance (ELI), widely adopted in developed economies, remains largely underdeveloped across Africa, creating one of the continent’s largest hidden financial protection gaps.
Also Read
Do current treaties enhance Tanzania as a preferred investment destination?
